BlockBeats News, December 19 — "BTC OG Insider Whale" agent Garrett Jin posted that Bitcoin and ETH are expected to rally, with the first target levels: Bitcoin at $106,000 and Ethereum at $4,500. Garrett Jin stated, "The bearish arguments are becoming increasingly untenable. The impact of Japanese yen rate hikes on the market is minimal, and the market has already digested this effect." Previously, BlockBeats reported that the "BTC OG Insider Whale" is a BTC OG address that has been dormant for 8 years, holding over 50,000 BTC. Its operations have repeatedly been highly synchronized with Trump’s statements and US policy trends. Just hours before the "10.11" crash, it positioned $500 million in BTC short positions, earning nearly $100 million in profit, which drew market attention. BitForex CEO Garrett Jin indicated that this address is related to his clients.
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WaitPatientlyForTheR
· 12-19 05:38
BlockBeats News, December 19 — Chinese crypto analyst Ban Mu Xia released a video stating that the market has fully priced in the rate hike in Japan, and the future rate hike path remains to be observed. Ban Mu Xia reiterated that the two major prerequisites for bullish Bitcoin are: the Federal Reserve expanding its balance sheet and Bitcoin's technical pattern being in a sideways consolidation phase. Through technical analysis, Ban Mu Xia believes that Bitcoin's key resistance levels are in the range of 9.86 million to 10.7 million USD, with 11.25 million USD as a strong resistance level, but the market conditions are quite complex during this process.
BlockBeats News, December 19 — "BTC OG Insider Whale" agent Garrett Jin posted that Bitcoin and ETH are expected to rally, with the first target levels: Bitcoin at $106,000 and Ethereum at $4,500. Garrett Jin stated, "The bearish arguments are becoming increasingly untenable. The impact of Japanese yen rate hikes on the market is minimal, and the market has already digested this effect." Previously, BlockBeats reported that the "BTC OG Insider Whale" is a BTC OG address that has been dormant for 8 years, holding over 50,000 BTC. Its operations have repeatedly been highly synchronized with Trump’s statements and US policy trends. Just hours before the "10.11" crash, it positioned $500 million in BTC short positions, earning nearly $100 million in profit, which drew market attention. BitForex CEO Garrett Jin indicated that this address is related to his clients.